Paradigm Asset Management Co. LLC Acquires New Holdings in Omnicom Group Inc. (NYSE:OMC)

Paradigm Asset Management Co. LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, Holdings Channel.com reports. The fund bought 9,300 shares of the business services provider’s stock, valued at approximately $800,000.

Several other hedge funds also recently modified their holdings of OMC. Allianz Asset Management GmbH boosted its holdings in Omnicom Group by 2.2% in the fourth quarter. Allianz Asset Management GmbH now owns 315,045 shares of the business services provider’s stock worth $27,106,000 after purchasing an additional 6,718 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in Omnicom Group during the fourth quarter valued at about $2,168,000. Concurrent Investment Advisors LLC lifted its position in shares of Omnicom Group by 14.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,544 shares of the business services provider’s stock worth $477,000 after buying an additional 696 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Omnicom Group by 119.6% during the 4th quarter. Handelsbanken Fonder AB now owns 96,051 shares of the business services provider’s stock worth $8,264,000 after acquiring an additional 52,320 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Omnicom Group during the 4th quarter valued at about $4,646,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.6 %

Shares of OMC stock opened at $82.27 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00. The firm’s fifty day simple moving average is $85.60 and its 200 day simple moving average is $95.21. The firm has a market capitalization of $16.16 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the firm earned $2.20 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.